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ThunderDick
CBO Projects $1.8T Deficit in Bush Budget

WASHINGTON (AP) - President Bush's proposed new round of tax cuts and the rest of his budget would produce unabated federal deficits over the coming decade totaling a massive $1.82 trillion, the nonpartisan Congressional Budget Office projected on Friday.

The bleak forecast, obtained by The Associated Press, could heighten pressure on the Republican-led Congress to shrink the president's tax-cutting plans so lawmakers can produce a budget of their own that charts a course back to eventual balance.

Bush has proposed $1.57 trillion in fresh tax reductions through 2013 - including a $726 billion economic package - that has drawn opposition from nearly every congressional Democrat and some moderate Republicans.

The congressional analysts projected that under Bush's proposed tax and spending plans, there would be deficits of $287 billion this year and $338 billion in 2004. They would then begin a gradual decline to $102 billion by 2013.

The largest shortfall ever was $290 billion in 1992.

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and yet he's got money to burn on plane tickets to iraq with extra luggage bookings for all that hardware :shrug:
 
Could real SPENDING cuts be in the forecast? Not Washington cuts but real, less money than last year cuts? Not likely.
 
sigh. Hes supposed to make spending and taxes fall ... and to have the spending fall faster than the tax cuts. That what we hire Repulicans to do ... not spend like a goldurn demicrat! We could have found any number of guys to do what hes doing... and not have to suffer the born again christian baggage.
 
So we need to cut... Lets start with social security, welfare, medicare, and all that crap. Then stop sending foreign aid except to Israel, stop making payments to the U.N., and so forth. Then get rid of the Department of Education, Department of Housing and Urban Development, Department of Energy, Department of Homeland Security, Department of <insert all the federal crap in here>, and there you go, no more deficit. :) :D
 
I doubt that those are the things that drove his numbers up. :rolleyes: How about we start with corporate welfare and let them make it on their own? If they fold, it will just open doors for other upstarts..
 
So we need to cut... Lets start with social security, welfare, medicare, and all that crap.
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how much percent of the US tax money is used for that purpose? :rolleyes: it's in no relation to spendings like the defence department...

just because you're against any form of social security doesn't mean you must stop looking at things in prospective....
 
Shadowfax said:
just because you're against any form of social security doesn't mean you must stop looking at things in prospective....
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Sure he can. That's the LL Jerrek system of macroeconomics.:rolleyes:
 
Our social services (medicare, social security, etc) add up to far more than the defense budget. Social Security is supposed to be self-funded & seperate, it worked for about a week.
 
I dug through about 200 pages looking for concrete numbers on what is going where. I was overcome with triple speak and ecconomic verbal voodoo and had to give it up.
 
Shadowfax said:
how much percent of the US tax money is used for that purpose? :rolleyes: it's in no relation to spendings like the defence department...
Click to expand...
Ah, ignorance is Blix. err, bliss.

Our social services (medicare, social security, etc) add up to far more than the defense budget.
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Yup

Social Security is supposed to be self-funded & seperate, it worked for about a week.
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:D Kill it. Refund everyone in proportion what they paid, kill it, trash it, and privatize it.
 
Shadowfax said:
So we need to cut... Lets start with social security, welfare, medicare, and all that crap.
Click to expand...

how much percent of the US tax money is used for that purpose? :rolleyes: it's in no relation to spendings like the defence department...

just because you're against any form of social security doesn't mean you must stop looking at things in prospective....
Click to expand...

Over 60% of the federal budget goes to social services. The DoD gets around 15%. The rest is thrown about with reckless abandon.
 
Yep, these tax cuts are horrible. What we need to do is increase taxes... that way the Federal government can spend more. There's so many wonderful things they could do for us right now if they only had the money. Also, there's things private industries are doing that could be better handled by the Federal government. We should increase taxes, and increase spending, so that we can have the most perfect socially balanced country the world has ever seen.





























Since Russia.

:rolleyes:
 
Over 60% of the federal budget goes to social services. The DoD gets around 15%. The rest is thrown about with reckless abandon.
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i honestly didn't know that. i'm quite surprised about that, we have about the same figure here, but a much clearer and much more intense social security system...or so it seems...
how is that money spent? i'm really interested to know, because i've lived in the US for a year and it seemed that they really lacked social security compared to the netherlands.

Ah, ignorance is Blix. err, bliss.
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ah, a sweet attempt to make a joke, ignoring the original comment....that's the best you can come up with? since i'm that obviously mistaken, please try to make me understand then...
 
Our government will supply all necessities. It's frowned upon by the masses & many don't want to jump through the "correct" hoops to get it.

The biggest argument is, welfare is not supposed to be a federal program. That should be handled by the individual states.
 
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